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Aptos (APT) is a layer-1 blockchain launched on October 19, 2022 by a team that includes several former Meta developers who worked on Facebook's stablecoin project, Diem. Aptos Labs raised $400 million in VC funding from firms including FTX Ventures, Jump Crypto and Coinbase Ventures.
It is a proof-of-stake (PoS) chain built upon the Move programming language, designed for smart contract development. Move is also the programming language used by Diem, which after much hype, unraveled due to regulatory backlash.
The Aptos development team, many of whom were core developers on the Diem project, have been working on APT for around 4 years, intending to make crypto transactions faster and cheaper.
The Aptos blockchain promises to handle up to 160,000 transactions per second (TPS). However, at launch it came under immediate scrutiny after falling well short of this figure with claims that it only handled around 4TPS.
In addition, concerns have been raised regarding the project token distribution, with core contributors, the Aptos foundation and investors receiving a large sum (49%) of the total APT supply.
Aptos (APT) is the 28th largest cryptocurrency in the world by market cap, valued at $2,894,066,756. The current price of Aptos is $17.91, which is -0.019% lower than yesterday. Prices have ranged between $18.83 and $17.63 over the past 24 hours. All prices are listed in US dollars and accurate as of January 30, 2023 02:01 UTC.
| Coin symbol | APT |
|---|---|
| Coin Marketcap | US$2,894,066,756 |
| Total APT supply | 1,017,301,573 |
| Circulating APT | 160,945,439 |
| Current price | US$17.91 |
| All time high | US$19.92 |
| All time high date | January 26, 2023 |
| Notable team members | Mo Shaikh, Avery Ching |
Historical prices compared with the price of US$17.91.
| 1 hour | -1.14% |
|---|---|
| 24 hours | -0.02% |
| 7 days | 34.08% |
| 14 days | 124.91% |
| 30 days | 426.44% |
|---|---|
| 60 days | 271.06% |
| 200 days | N/A |
| 1 year | N/A |
Disclaimer: Cryptocurrencies, including Aptos, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of APT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Aptos or any other cryptocurrency discussed.
Read our expert analysis on Aptos and how the token will perform in the future.
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